Preservation Capital Consultants, LLC v. First American Title Insurance

First American Title Insurance Company (First American) appeals the circuit court order granting summary judgment in favor of Preservation Capital Consultants, LLC (Preservation Capital). First American argues the circuit court misconstrued the terms of a title insurance policy in finding Preservation Capital was entitled to recover under the policy. This Court certified this case for review pursuant to Rule 204(b), SCACR. We affirm.

Factual/Procedural History

In December 2004, Atlantic Carolina Retail, LLC (Atlantic) loaned $8,075,000 to Monarch Development, LLC (Monarch Development). Atlantic…